The best places in Florida

Buenaventura Lakes Real Estate Market Facts

$125,300Median home price25% lower than Florida

$1,124Median rent asked9% higher than Florida

64.9%Home ownersequal to Florida

3.8People per home45% higher than Florida

A general summary of the real estate market in Buenaventura Lakes, FL is listed above. Properties in Buenaventura Lakes, FL average a cost of $125,300, which is 25% lower than the median home price for real estate located in Florida. This means that the region of Buenaventura Lakes, FL is, on average, more affordable when compared to the remainder of Florida. Since tenants living in Buenaventura Lakes, FL will pay an average of $1,124, the median rental cost is 9% higher than in Florida. 64.9% of people in Buenaventura Lakes, FL own their own homes, and an average of 3.8 people inhabit each property. Buenaventura Lakes, FL has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Buenaventura Lakes Home Affordability

$125,300Median home price25% lower than Florida

$41,303Median home income16% lower than Florida

3.0xHome price to income ratio11% lower than Florida

When starting your search for real estate in Buenaventura Lakes, FL, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Buenaventura Lakes, FL costs $125,300 while each household has an average income of $41,303. Consequently, the ratio of home price to household income is 3.0x; this ratio is 11% lower than the average in Florida. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Buenaventura Lakes, FL. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Buenaventura Lakes, FL.

Buenaventura Lakes Affordability Calculator

Gross annual income

$

Down payment

$

Other monthly debt

$

Interest rate

%

Loan term

Yrs

Annual property tax

$

Annual home insurance

$

Annual HOA dues

$

Include PMI

You can afford a home up to:

Debt-to-income ratioMonthly income breakdown

Monthly income

Monthly payment

Debt payment

Income taxes

Remainder

If you are looking to purchase real estate in Buenaventura Lakes, FL, it is imperative that it falls within your established budget range. Our home affordability calculation tool lets you figure out the price of your prospective home in Buenaventura Lakes, FL as the calculation is based on your salary, your debts and the amount of the down payment that you have available. If you want an even more detailed report, you can include more information such as mortgage terms, rates, property taxes, homeowners insurance and HOA dues. By adding in those additional details, you will be able to see a more accurate price of a home that you will be able to afford in Buenaventura Lakes, FL. This is a very useful tool because it prevents you from falling in love with a property that you will not be able to safely afford. The home affordability calculation tool is also a great way to manage your budget because you will be able to clearly see how much money you will be spending on home ownership, and how much money will be available for other livings costs and hopefully, savings.

Buenaventura Lakes Mortgage Calculator

Home price

$

Down payment

$%

Interest rate

%

Loan term

Yrs

Property tax

$%

Annual home insurance

$

Annual HOA dues

$

Your monthly payment will be:Monthly payment breakdown

Monthly payment

Mortgage

PMI fees

Property tax

Home insurance

HOA dues

What will be my monthly costs if I purchase Buenaventura Lakes, FL real estate? There are various factors that determine the monthly cost of a home. Obviously, the major factor is the price of the home itself. However, beyond the price of the home,it is also important to consider the down payment, loan term, interest rate, property taxes, home insurance, HOA dues and PMI (private mortgage insurance). For homeowners who are able to put 20% or more towards a down payment, PMI payments can be completely emlinated, which saves a home owner money. Typical mortgage calculators have preset default values for these details, but they can be altered to give a potential buyer a more accurate depiction of the estimated monthly payment. When it comes to financing, a generally accepted recommendation is to keep the DTI (debt-to-income) ratio to no more than 36 percent, which means no more than 36 percent of your gross monthly income should go to paying all debts.